AMC, Disney earnings, job openings, inflation data top week ahead

All Posts in "AMC"

AMC, Disney earnings, job openings, inflation data top week ahead

Belpointe chief strategist David Nelson, Gibbs Wealth Management President Erin Gibbs and Invest Diva CEO and author Kiana Danial break down today’s markets, cryptocurrency and this earnings season.

Investors will take in key jobs and inflation data in the upcoming week along with a fresh round of corporate earnings.

Already, for the second quarter, over 87% of S&P 500 companies have beaten revenue and profit expectations.

As a result, the Dow Jones Industrial Average and S&P closed at record highs on Friday.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35208.51	+144.26	+0.41%
SP500	S&P 500	4436.52	+7.42	+0.17%
I:COMP	NASDAQ COMPOSITE INDEX	14835.761829	-59.36	-0.40%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

Monday 8/9

BioNTech, Dish Network, Energizer Holdings, Tegna and Tyson Foods are among the big names that will kick off the week

AMC shares tumble soon after ‘short’ disclosed by Iceberg Research

Host of ‘Trey’s Trades’ on YouTube Trey Collins analyzes AMC’s market place price more than the earlier week and discusses attainable penalties for bare shorting.

AMC Amusement shares closed down 4% on Friday just after quick-seller Iceberg Analysis tweeted that it experienced created a bearish wager from the theater chain operator’s inventory.

The so-identified as meme inventory shut at $51.96 soon after slipping nearly 12% to $47.77 in morning trading immediately after Iceberg’s tweet that it had offered the shares short, which requires borrowing shares with a see to purchasing them back again at a decreased cost to go over the bet.

“Our position is primarily based on the fundamentals of the business and the simple fact its inventory price has been inflated by phone possibilities, which is constantly short term,” mentioned Iceberg’s Arnaud Vagner in an e-mail to Reuters.

AS AMC CEO TOUTS Record BOX Office environment WEEKEND RETAIL

AMC jumps a lot more than 18%, other ‘meme stocks’ mixed

‘Trey’s Trade’s’ YouTube host Trey Collins discusses meme stocks and the economical media’s notion of retail traders.

Shares of AMC Leisure Holdings (AMC.N) shot greater on Monday, environment the stage for an additional week of roller-coaster trading in shares of the theater chain operator and other retail trader favorites.

AMC’s shares ended up just lately up 18.3% at all around $58.50 following edging 3% greater past 7 days. The corporation explained in a filing previous week that in excess of 80% of its shares have been held by retail buyers.

Rallies in AMC and online video video game retailer GameStop (GME.N), as nicely as a new crop of so-termed meme shares – providers common with retail buyers congregating on community forums these as Reddit’s WallStreetBets – have breathed new everyday living into a frenzy that initially garnered prevalent consideration in January, when an unwind of bearish bets assisted send GameStop’s